The compound interest on a certain some of money at 5% per annumfor tw

1.	The compound interest on a certain some of money at 5% per annumfor two years is 246. Calculate the S.I on the same sum for threeyears at 6% per annum.
Answer» ANSWER: SI=432 Step-by-step EXPLANATION: CI=246, R=5%, T=2 years Let the PRINCIPAL be x A=P(1+R/100)^T A=x(1+5/100)^2 A=x×21/20×21/20=441/400x We have CI=A-P 246=441/400x-x 246=441-400/400 246=41/400 x=246×400/41= 2400 rupees Now, given rate=6% Time=3years SI=P×R×T/100 SI=2400×6×3/100 SI=432 rupees I HOPE this answer will help you

The compound interest on a certain some of money at 5% per annumfor two years is 246. Calculate the S.I on the same sum for threeyears at 6% per annum.

Answer»

ANSWER:

SI=432

Step-by-step EXPLANATION:

CI=246, R=5%, T=2 years

Let the PRINCIPAL be x

A=P(1+R/100)^T

A=x(1+5/100)^2

A=x×21/20×21/20=441/400x

We have CI=A-P

246=441/400x-x

246=441-400/400

246=41/400

x=246×400/41= 2400 rupees

Now, given rate=6%

Time=3years

SI=P×R×T/100

SI=2400×6×3/100

SI=432 rupees

I HOPE this answer will help you

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The compound interest on a certain some of money at 5% per annumfor two years is 246. Calculate the S.I on the same sum for threeyears at 6% per annum.​

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The compound interest on a certain some of money at 5% per annumfor two years is 246. Calculate the S.I on the same sum for threeyears at 6% per annum.